Sajith Pai Unpacks the 2024 Indus Valley Annual Report and the Changing Indian Consumer
Ideas of India
Challenges and Developments in the Indian Economy
This chapter focuses on various challenges and developments in the Indian economy, including the integration of services and exports in IT, struggles in manufacturing, electricity pricing and shortages, and the rise of fintech companies in lending. It highlights concerns such as the growth of personal loans, high NPAs in small loans, and the potential systemic risk in the lending sector, discussing the RBI's worries and fintech companies seeking more regulation for financial inclusion.
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